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SonicDeejay
Jul 29, 2019 6:16 AM

USD/MXN (Will the history repeat itself?) 

USD/MXNOANDA

Description

Updated View On USD/MXN (29 July 2019)


Will the history repeat itself on the potential upside?

It is very likely so. The previous analysis was a good one and it runs its course to the TP region.


Now it is 'range zone' again and likely to go up further.
It should go to 19.17, 19.30 again.



DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.

Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
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Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.

DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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Trade closed: target reached

Updated View on USD/MXN (7 Aug 2019)


TP hit is this one. Case Closed.

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